The New Interventionist Economics

Posted: 14 Nov 2009

Date Written: November 12, 2009


The Great Recession seems to be creating a New Interventionist Economics characterized by bubbles, radical uncertainty, animal spirits, complexity dynamics, and extra-market control. When placed in that order, these characteristic create the acronym BRACE. I review some evidence and literature pointing to BRACE economics and briefly suggest some avenues to challenge the new interventionists.

Keywords: animal spirits, Great Recession, interventionism, complexity

JEL Classification: E32, G12, E5, E6

Suggested Citation

Koppl, Roger, The New Interventionist Economics (November 12, 2009). Available at SSRN:

Roger Koppl (Contact Author)

Syracuse University ( email )

900 S. Crouse Avenue
Syracuse, NY 13244-2130
United States
3154434535 (Phone)
3154421449 (Fax)


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